Is this legal? Any chance that the depositors could form a class and file a lawsuit? More likely to win together, I'd guess.
And that’s that. FDIC confirms it kills crypto in the acquisition https://www.fdic.gov/news/press-releases/2023/pr23021.html
Discussion
Just thought to check what Block Association is up to and it seems they started requesting info from affected parties and the involved government agencies. Here's one tweet from a Jake Chervinsky thread that answers my question: